Scott Melker: Prediction markets drove Robinhood crypto revenue down 47 percent

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Yaroslav Dmytrenko

29.04.2026

Scott Melker: Prediction markets drove Robinhood crypto revenue down 47 percent — Prediction markets fill Robinhood crypto gap

Scott Melker, owner and content creator at https://x.com/scottmelker, states that prediction markets have negatively impacted altcoins. He highlights that Robinhood reported a 47 percent decline in crypto revenue, while its total revenue rose 15 percent, suggesting prediction markets have filled the gap left by falling altcoin activity.

Melker references his previous discussions and a December article where he addressed this trend in crypto markets.

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Melker has previously highlighted shifts in crypto markets, including noting that IBIT ETF options open interest recently surpassed Deribit. He also relayed CFTC Chair Mike Selig's claim that America has emerged as the crypto capital of the world. These developments have formed the backdrop for Melker's recent commentary on altcoin activity and prediction markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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